Cook Shire CouncilEconomic profile
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Cook Shire

Housing valuation

At June 2018, Cook Shire had a median house valuation of $285,280, $173,080 lower than the median house valuation for Queensland.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Housing Valuation System

Housing values
Cook Shire20182016Change
Housing value (at June)Cook ShireQueenslandCook Shire relative to QueenslandCook ShireQueenslandCook Shire relative to Queensland2016 to 2018
House--------------
First Quartile$198,551$316,285-37.2%$227,839$314,610-27.6%-$29,288
Median$285,280$458,360-37.8%$298,551$436,708-31.6%-$13,271
Third Quartile$405,182$639,156-36.6%$424,059$595,909-28.8%-$18,877
Unit--------------
First Quartile$0$273,559-100.0%$315,369$270,287+16.7%-$315,369
Median$0$356,880-100.0%$315,968$347,111-9.0%-$315,968
Third Quartile$0$444,896-100.0%$366,393$436,350-16.0%-$366,393

Source: Hometrack 2016-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Queensland: $444,896 Median, Queensland: $356,880 First Quartile, Queensland: $273,559 Third Quartile, Queensland: $639,156 Median, Queensland: $458,360 First Quartile, Queensland: $316,285 Third Quartile, Cook Shire: $0 Median, Cook Shire: $0 First Quartile, Cook Shire: $0 Third Quartile, Cook Shire: $405,182 Median, Cook Shire: $285,280 First Quartile, Cook Shire: $198,551
Source: Hometrack 2016-2018, Housing Valuation System
Change in housing values, 2016 to 2018
Change in housing values, 2016 to 2018 Third Quartile, Queensland: $8,546 Median, Queensland: $9,769 First Quartile, Queensland: $3,272 Third Quartile, Queensland: $43,247 Median, Queensland: $21,652 First Quartile, Queensland: $1,675 Third Quartile, Cook Shire: $-366,393 Median, Cook Shire: $-315,968 First Quartile, Cook Shire: $-315,369 Third Quartile, Cook Shire: $-18,877 Median, Cook Shire: $-13,271 First Quartile, Cook Shire: $-29,288
Source: Hometrack 2016-2018, Housing Valuation System

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